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Good morning, SqueezeFinders!
Yesterday's price action on the $QQQ tech index showed the bears are still largely in control while geopolitical tensions overseas continue to escalate seemingly daily. The $QQQ tech index closed yesterday at 601.58 (-1.07%) after an intraday low of 591.87, showing that the bulls are still making some efforts to push back against the bears, albeit without a ton of success at the end of the day. The main resistance bulls need to stay focused on for directional sentiment shift would be the 613 bullish pivot to relieve nerves for bulls, otherwise watch to see if 600 holds, as if not, it could spell an imminent retest/continue approach towards yesterday's lows under 592.. Under 590 will bring us aggressively towards next larger support range at 585-580 before a major correction takes hold. The main directional sentiment determinants are a mixture of the below-detailed economic data releases, and the $AVGO earnings report coming out in after-hours. As the conflict overseas rages on, small cap oil stocks continue to get crazy bidders, but confusingly drone plays are largely struggling to buck along during peak demand era for the tech.. Regardless of broader market sentiment, you can always locate relative strength by tapping/clicking the column headers to see arrange the live watchlist in descending order of whichever data metric is important to you. You can also use our SqueezeRadar tool to best gage the broader market sentiment.
🥇 Gold: \~$5,180/oz (+1.2%)
🥈 Silver: \~$85.5/oz (+2.4%)
🪙 Bitcoin: \~$67.8k/coin (-0.44%)
Today's economic data releases are:
🇺🇸 ADP Nonfarm Employment Change (Feb) @ 8:15AM ET
🇺🇸 S&P Global Services PMI (Feb) @ 9:45AM ET
🇺🇸 S&P Global Composite PMI (Feb) @ 9:45AM ET
🇺🇸 ISM Non-Manufacturing PMI (Feb) @ 10:00AM ET
🇺🇸 ISM Non-Manufacturing Employment (Feb) @ 10:00AM ET
🇺🇸 ISM Non-Manufacturing Prices (Feb) @ 10:00AM ET
🇺🇸 Crude Oil Inventories @ 10:30AM ET
🇺🇸 Cushing Crude Oil Inventories @ 10:30AM ET
🇺🇸 Beige Book @ 2:00PM ET
📙Breakdown point: BELOW this price, the move will lose momentum significantly in the short-term, as shorts will gain confidence encouraging them to short more. Reducing probability of a squeeze without a catalyst.
📙Breakout point: ABOVE this price, the move will gain momentum significantly in the short-term, as shorts losses will increase pressuring them to cover. Increasing the probability of a squeeze occurring, especially if with a catalyst.
4. $HNST
Squeezability Score: 52%
Juice Target: 5.9
Confidence: 🍊
Price: 2.84 (+7.98%)
Breakdown point: 2.4
Breakout point: 3.0
Mentions (30D): 1
Event/Condition: Potentially imminent medium-term downtrend bullish reversal + Rel vol elevated + Potentially imminent gap-fill from \~3 to \~3.3 + Q4 and full year 2025 results showing organic revenue growth of 5.3% despite top-line pressure alongside inaugural $25M share repurchase authorization signaling management confidence in undervaluation and balance sheet strength with $71M cash and no debt + new Sensitive Rich Cream product launch expanding clean skincare portfolio to capture growing demand for gentle sensitive formulations + reaffirmed path to sustained profitability through Transformation 2.0 initiatives + Recent price target 🎯 of $3.50 from B. Riley + Recent price target 🎯 of $3 from Telsey Advisory Group + Recent price target 🎯 of $3 from Morgan Stanley.
5. $AMPX
Squeezability Score: 40%
Juice Target: 16.8
Confidence: 🍊 🍊
Price: 11.63 (+0.35%)
Breakdown point: 10.0
Breakout point: 14.9
Mentions (30D): 3
Event/Condition: Earnings reports gamble 🎲 + Potentially imminent medium-term downtrend bullish reversal + Record Q3 revenue surge to $21.43M with 42% sequential growth 173% YoY gross margin improvement to 15% and EPS beat positioning the company for accelerated commercialization of high-performance silicon anode batteries + strategic U.S. manufacturing partnership secured to ramp domestic production capacity and strengthen supply chain for defense and aviation customers + scheduled Q4/full-year 2025 earnings call in early March signaling ongoing execution and potential for further backlog expansion + Recent price target 🎯 of $17 from Craig-Hallum + Recent price target 🎯 of $20 from Needham + Recent price target 🎯 of $17 from Oppenheimer.
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